Moody’s Co. (NYSE:MCO) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in Moody’s Co. (NYSE:MCO) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,510 shares of the business services provider’s stock after buying an additional 28 shares during the period. Bleakley Financial Group LLC’s holdings in Moody’s were worth $1,661,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MCO. Planning Capital Management Corp increased its holdings in Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares during the period. Larson Financial Group LLC raised its holdings in Moody’s by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Moody’s in the third quarter worth approximately $36,000. Asset Dedication LLC increased its position in shares of Moody’s by 83.0% in the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 39 shares during the last quarter. Finally, Albion Financial Group UT acquired a new stake in shares of Moody’s in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on MCO shares. Citigroup began coverage on Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 price target on the stock. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Robert W. Baird upped their target price on shares of Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 1,124 shares of company stock valued at $540,051. Corporate insiders own 0.07% of the company’s stock.

Moody’s Price Performance

Shares of NYSE MCO opened at $503.51 on Friday. The company’s fifty day moving average is $482.92 and its two-hundred day moving average is $475.85. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $91.24 billion, a P/E ratio of 45.98, a PEG ratio of 2.91 and a beta of 1.31. Moody’s Co. has a one year low of $360.05 and a one year high of $506.27.

About Moody’s

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.